Have you ever faced a situation where your loved one is hospitalized suddenly because of some unpredictable circumstances such as accident or illness? And at that time, the hospital asks you to pay the heavy amount and you do not have enough find in your kitty? If you have faced such a situation, we are sure that you know the kind of pressure one feels at that time. We would pray that such a situation does not happen to anyone, but at the same time, one should be prepared to face any kind of challenges or circumstances at the future is uncertain. If you are aware about the various loan facility which has been provided by banks or financial institutions, you can guide a needy person or you can take the advantage of our own. All in all, “you can be a saviour of someone’s life”.
A medical emergency is a kind of emergency, where a person may need the money and cash on immediate basis. Sometimes, the amount is so hefty, probably in lacks that even family and friends are unable to help to a considerable extent. At that time, the instant personal loan facility can be proven as a boon. The instant personal loan, if taken through proper sources and appropriate planning, it can be helpful to meet the medical expenses without hampering much of a financial budget.
A medical loan can be availed for medical emergencies such as surgery, operation, to conduct a therapy, or to meet the expenses of long term illness etc. The major advantage of the instant personal loan is that the amount gets credited into the borrower’s account in the quickest possible time. The same requires a minimum documentation and hence the borrower does not have to run here and there. The borrower can save such timing to take care of the patient. All you need is a good credit history in terms of financial transactions and a good CIBIL Score.
There are many banks such as AXIS bank, ICICI Bank, Kotak Bank, HDFC Bank and the financial institutions such as bajaj finance, bankbazaar.com etc are providing the instant personal loans. Such financial companies are following a very straight forward and simple process that has to be followed starting from the application of the loan to the disbursal of the loan to the borrower’s account. If the customer falls under the eligibility criteria of the bank, then it takes only 24 hours for the loan to get approved and gets credited in to the bank account of the customer. Hence, in the case of medical emergency, it gets quick and easy for the customer to get the access to the desirable and needed amount of money.
Another important advantage of the instant personal loan for medical purpose is that such loans are very versatile.
There are diversified categories which have been defined for the same , out of which the few important categories can be listed as follows.
- Loans for Cosmetic Surgeries:-
Some people, especially people from fashion and glamour industry avail the benefits of personal loan to get the cosmetic surgeries done. The funds can be utilized for the various body implants or liposuction or changing the shape of certain body parts.
However, there are people, who have been a victim of acid attacks due to various reasons. At that time, the victim or the victim’s family members have to pay huge amount to get the surgery done as there are high amount of costs which have been associated with such operations. Also, in such cases, the victim has to undergo several surgeries and it includes other medical expenses such as medicines, tests, etc. Those are the time, where the person get the instant financial help from in terms of instant personal loan.
- Loans for accident coverage:-
In today’s time, we come across the variety of accidents such as road accident, or injuries incurred during the sport or injury incurred while performing any task etc. The accidents are the unforeseen events and hence majority of the time, people are usually not ready to bear such expenses. At that time, the person can get the benefit if they avail the instant personal loan benefits. If the person applies for the loan in the bank in which he or she is having the bank account, then there are high number of chances for the loan to get approved.
- Medical loans for Therapy or Critical Diseases:-
The illness or diseases such as cancer, myasthenia gravis or any critical illness such as permanent or partial disability are pertaining in to any family member or to a person, then such illness are being with a person for the longer duration. Also, the medication and other medical costs are way too expensive for the person’s pocket to handle them. Such diseases gets larger amount of time to get cured and it includes the heavy amount to be invested in to the treatment. The same Is not affordable and hence if the help of instant personal loan taken, then it helps to balance the monthly budget. Also, as these loans can be repaid in a longer run, the monthly instalment comes at an affordable rates. This helps to provide the appropriate medical assistance to the patience.
- Loans for Medical Tourism:-
If a person’s illness or disease cannot be treated at the geographical area where he or she stays, then to get the proper treatment, the banks provides the loan in such a comprehensive package through which the person can travel and reach to a place where he or she can get the appropriate medical help and assistance. The bank provides the finance even to take the patient to abroad for medical treatments.
We believe that each and every person must have a sound knowledge so that one can deal with any unexpected circumstances or emergencies in a better way. Any person should not be without the proper treatment because of financial issues. Hence, we strongly believe that you should read this blog properly and even recommend it to your family, friends and loved ones. Because, we care for your safety……!!!
— Amrita Agarwal (@InvestorAmrita) June 19, 2017